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The Interpreter a publication of First Baptist Church Augusta 3500 Walton Way, Augusta, GA 30909 7067332236 www.fbcaugusta.org February 11, 2015, A Note from Greg WORSHIP & BIBLE STUDY Sunday, February
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FBCAugusta is a form used to report foreign bank and financial accounts to the Internal Revenue Service (IRS).
Any U.S. person who has a financial interest in or signature authority over foreign financial accounts with an aggregate value exceeding $10,000 at any time during the calendar year is required to file FBCAugusta.
FBCAugusta can be filled out electronically through the Financial Crimes Enforcement Network's (FinCEN) BSA E-Filing System.
The purpose of FBCAugusta is to combat tax evasion by ensuring that U.S. persons report their foreign financial accounts to the IRS.
FBCAugusta requires information about the account holder, the financial institution where the account is held, and the highest value of the account during the calendar year.
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